You may be a recent high school graduate deciding on a career, a recent lay-off or small business owner affected by the global pandemic, or you could just be looking for a career change that you’re passionate about. Whatever it is, staying on top of job trends is important for people at all stages of their professional lives, and knowing what careers have the highest annual salary can go a long way in helping you decide what path you will choose. Show
Which job has the highest salary in Australia?Neurosurgeons earn the highest annual salary in Australia at over $600,000. The 15 highest paying jobs in Australia in 2022We have compiled a list of the highest paying jobs in Australia based on average taxable income based on tax returns from over 14 million Australians over the 2018-19 period compiled by the Australian tax office, as well as additional data collected from Seek and Business Insider Australia. It will come as no surprise that medical specialists dominate the list of big-earners, and for good reason– it’s a lot of study, hard work, high pressure and long hours. However, there are hundreds of specialties in the medical field, so we have lumped a few together so you get a better understanding of what occupations pay best across a number of different fields. 1. SurgeonAverage salary: $394,303. This average income can be a bit misleading, as there are different kinds of surgeons, with type of surgery, expertise and qualifications significantly impacting one’s salary. Of the medical specialists, neurosurgeons were the highest paid with an average of $600,387, followed by reconstructive surgeons at $500,269 and ophthalmologists at $533,511. Qualifications:
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your third year (PGY3), apply for the Royal Australasian College of Surgeons’ Surgical Education and Training (SET) to train in a surgical specialty e.g. brain, cardiovascular, orthopaedic or plastic. This normally takes five to six years. 2. AnaesthetistAverage salary: $386,065. Qualifications:
3. Internal Medicine SpecialistAverage salary: $304,752. Qualifications:
4. Financial DealerAverage salary: $275,984. Qualifications:
For more information on relevant education and upskilling in the financial sector, check out our Advanced Diploma of Paraplanning. We also offer part courses, bridging courses and university courses, which cover superannuation, investments, margin lending and commerce. 5. PsychiatristAverage salary: $235,558. Qualifications:
6. Other Medical PractitionersAverage salary: $222,933. As we mentioned, there is a long list of medical practitioners and their roles and salaries vary greatly. Highlight competitive and well-paying medical practitioner roles include cardiologists, orthopedic specialists and gastroenterologists, who have a collective average salary of about $450,000. There are also general practitioners, pediatricians, orthodontists, dentists, periodontists, obstetricians and many more. There are endless avenues of specialisation, and the one you choose will likely be aligned with what you’re most interested in and what demographic you’d most like to help. Qualifications:
7. Judicial or other legal professionalsAverage salary: $188,798. Qualifications:
8. Mining EngineerAverage salary:$184,507. Qualifications:
9. Enterprise architecture managerAverage salary: $168,762. Enterprise and systems architect managers are responsible for the overseeing and ultimate direction, performance and technical aspects of the organisation’s IT networks, from upgrading and improving services, to overseeing software and hardware implementation and installation. They are the big picture guys for the IT performance of their company, and are in charge of enterprise architects, software architects and other IT professionals. Qualifications:
For more information on relevant education and upskilling in the information technology sector, we have a range of courses in IT, including a Certificate IV in Information Technology and our Diploma of Information Technology. 10. CEO or Managing DirectorAverage salary: $164,896. Qualifications:
There is no singular way to become the head of a company, and there are outliers and many different avenues, but education and experience are two of the most important and consistent factors for success in high-level business. For more information on relevant education and upskilling in the business and management sector, head to our Certificate IV in New Small Business, Certificate IV in Small Business Management, Diploma of Leadership and Management and our Advanced Diploma of Leadership and Management. 11. Engineering ManagerAverage salary: $159,940. Qualifications:
For more information on relevant education and upskilling in the business and management sector, we have the following courses:
12. Quantitative analystAverage salary: $153,539. Qualifications:
For more information on relevant education and upskilling in the IT sector, learn about our Certificate IV in Information Technology and our Diploma of Information Technology. 13. Vice presidentAverage salary: $151,358. A senior executive position in a company, in charge of managing the short and long-term operations, organisation, its people and its resources. VPs in particular are in charge of overseeing training procedures to upskill, educate or manage employees, as well as assisting with the day-today, business plans, budgets and strategies and identifying risks that could affect the company’s efficiency, productivity, and ultimately, its profitability. Qualifications:
There is no singular way to become an executive head, and while there are outliers and many different avenues, education and experience are two of the most important and consistent factors for success in high-level business. For more information on relevant education and upskilling in the business and management sector, we have the following courses:
14. Director of information securityAverage salary: $149,204. Qualifications:
Keep in mind that many security director positions require a graduate certificate or master’s degree in fields such as cyber security or IT security management. For more information on relevant education and upskilling in the information technology sector, head to Monarch Institute to learn about our Certificate IV in Information Technology and our Diploma of Information Technology. 15. Enterprise and software architect/managerAverage salary: $138,933 – $142,355 . Qualifications:
For more information on relevant education and upskilling in the information technology sector, head here to learn about our Certificate IV in Information Technology and our Diploma of Information Technology. There are many factors affecting the industry, company and field you want to work in, whether it be company culture, work-life balance, stability or opportunity, but how you’re compensated will also be a significant factor. We might not get into work for the money, but it is important to know where the money is, and that we can provide for ourselves and our family. If you’re interested in medicine, law, finance, business or IT, chances are you can do what you love and get paid a pretty penny to do it. However, education, work experience and a sincere passion for your work are a recurring theme with the top 15, so make sure your skills and knowledge are finely crafted. Monarch is one of Australia’s leading registered training organisations. We provide education for the real world. Find a course that’s right for you. |